$.$ You are examining the possible purchase of a commercial property. You

realize you need to estimate the property$$s effective gross income $($EGI$)$ as a first

step. The property has nine $(9)$ tenants who pay the following annual rent for the

coming year: $$16,800$; $$23,890$; $$11,255$; $$43,600$; $$24,000$; $$22,078$; $$17,825$;

$$21,693$; and $$34,388.$ The property is currently $3\mathrm{.}0\%$ vacant and you budget

$0\mathrm{.}25\%$ lost rent for the coming year. What is the property$$s current EGI $($annual$)?$